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Sommer and Goeller Exit CSFB

Joseph Sommer and John Goeller have both left Credit Suisse First Boston in separate moves to UBS Warburg and Lehman Brothers, respectively.

Sommer, who was director of US electronic trading and connectivity services at CSFB, is now executive director, electronic executions, regional head of Americas at UBS Warburg. Sommer was vice president of electronic services at Donaldson, Lufkin & Jenrette before that firm merged with CSFB. He will also step down from his

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

DTCC dives into public cloud

The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.

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